BitCoinGuide

November 16 Bitcoin Bybit chart analysis

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is also a Nasdaq indicator announcement today at 10:30.

This is a position with a very high possibility of sideways movement.
For a strategy to be successful, there are essential elements, so please read this.

*Red finger movement path

One-way long position strategy

1. $37384 long position entry area / stop loss when breaking away from the purple support line

2. $38458.5 long position primary target -> great section secondary target
Please refer to the additional long entry section in real time.


Currently, there is no 5-minute trend reversal,
Please check

Bollinger Band 30-minute support line / I touched the downside first, but
The 12-hour chart MACD golden cross is about to appear.

Sections 1 and 2 are marked on the left.

This section is the short position operation section.
Check the price indicated on the green support line: $36423.5.



When falling immediately from the current position,
Green support line -> Possibility of connection to bottom.

The red resistance line and green support line are sideways zones.
In case of sideways movement near the green support line,

There is a possibility of further decline after tomorrow.


Also, if it does not break out of the green support line,
Minor altcoin circulation pumping may occur.
I hope you do well when entering the long position.


Please keep in mind that my analysis up to this point is merely for reference.

Operate safely with principle trading/stop loss required.


Thank you for reading today.
Trade closed: stop reached:
Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on November 16th.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red finger 15788.3 After long entry,
Green support line -> red resistance line
End of extreme sideways trading

There was no significant movement in the indicator announcement.

It's moving steadily upward.


Bitcoin 30-minute chart.
Major sections are marked with black fingers.

After entering the red finger $37384 long position,
Additional breakout of the purple support line

Stop loss processing in progress.

Afterwards, it fell to the green support line indicated -> Bottom.

Downward direction without any downtrend
It gradually fell without providing a short entry position.

The reason why I intentionally operated with a short stop loss was
Because it could be pushed down,
Because it is a move expected in the strategy.
I think everyone did a good job.


I will explain more details in the analysis article.


thank you

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